North America Structured Investments 10yNC1y Autocallable Contingent Interest Notes Linked to SPX/RTY The following is a summary of the terms of the notes offered by the preliminary pricing supplement highlighted below. Summary of Terms Issuer: JPMorgan Chase Financial Company LLC. Guarantor: JPMorgan Chase & Co. Hypothetical Payments at Maturity** Payment at Maturity Minimum Denomination: $1,000.00 Indices: S&P 500® Index and Russell 2000® Index Pricing Date: May 25, 2016 Final Review Date: May 22, 2026 Maturity Date: May 28, 2026 Review Dates: Quarterly Contingent Interest Rate: at least 7.60%* per annum, payable at a rate of at least 1.90%* per quarterInterest Barrier: With respect to each Index, an amount that represents 75% of its Initial Value Trigger Value: With respect to each Index, an amount that represents 60% of its Initial Value Initial Value: With respect to each Index, the closing level of that Index on the Pricing Date Final Value: With respect to each Index, the closing level of that Index on the final Review Date CUSIP: 46646EBX9 Preliminary Pricing Supplement: http://sp.jpmorgan.com/document/cusip/48128EBX9/doctype/Product_Termsheet/document.pdf For more information about the estimated value of the notes, which likely will be lower than the price you paid for the notes,please see the hyperlink above. Certain Product Characteristics Early Redemption If the closing level of each Index on any Review Date (other than the first, second, third and final Review Dates) is greater than or equal to its Initial Value, the notes will be automatically called for a cash payment, for each $1,000 principal amountnote, equal to (a)$1,000 plus (b) the Contingent Interest Payment applicable to that Review Date, payable on the applicableCall Settlement Date. No further payments will be made on the notes. Least Performing Index Return 60.00% 40.00% 20.00% 5.00% 0.00% -5.00% -25.00% -40.00% -40.01% -60.00% -70.00% -80.00% Contingent Interest (7.60% per annum Contingent Interest Rate) $1,019.00 $1,019.00 $1,019.00 $1,019.00 $1,019.00 $1,019.00 $1,019.00 $1,000.00 $599.90 $400.00 $300.00 $200.00 Payment at Maturity If the notes have not been have not been redeemed early and the Final Value of each Index is greater than or equal toTrigger Value, you will receive a cash payment at maturity, for each $1,000 principal amount note, equal to (a)$1,000 plus (b)the contingent interest payment, applicable to the final Review Date. If the notes have not been have not been redeemed early and the Final Value of either Index is less than its Trigger Value,at maturity you will lose 1% of the principal amount of your notes for every 1% that the Final Value of the Lesser Performing Index is less than its Initial Value. Under these circumstances, your payment at maturity per $1,000 principal amount note willbe calculated as follows: $1,000 + ($1,000 × Lesser Performing Index Return). Capitalized terms used but not defined herein shall have the meanings set forth in the preliminary pricing supplement Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC, as issuer of the notes andthe credit risk of JPMorgan Chase & Co., as guarantor of the notes. * If the notes have not been previously redeemed early and the closinglevel of each Index on any Review Date is greater than or equal to itsInterest Barrier, you will receive on the applicable Interest Payment Date for each $1,000 principal amount note a Contingent InterestPayment equal to at least $19.00 (equivalent to a Contingent InterestRate of at least 7.60% per annum, payable at a rate of at least 1.90%per quarter). **Represents the hypothetical payment you will receive on the MaturityDate for each $1,000 principal amount note. The hypothetical paymentson the notes shown above apply only if you hold the notes for their entire term and do not include any contingent interest payments youmay receive during the term of your notes, other than the contingentinterest payment you may receive on the Maturity Date. These hypotheticals do not reflect fees or expenses that would be associatedwith any sale in the secondary market. If these fees and expenses wereincluded, the hypothetical payments shown above would likely be lower. J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com